SPOT - Spotify Technology S.A.

NYSE - Nasdaq Real Time Price. Currency in USD
142.11
-2.05 (-1.42%)
As of 3:20PM EDT. Market open.
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Previous Close144.16
Open143.79
Bid142.08 x 800
Ask142.09 x 900
Day's Range141.52 - 145.95
52 Week Range103.29 - 198.99
Volume1,087,073
Avg. Volume1,542,493
Market Cap26.722B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-7.63
Earnings DateJul 24, 2019 - Jul 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est164.36
Trade prices are not sourced from all markets
  • Spotify’s Soundtrap audio editing tool to offer free unlimited storage
    Engadget8 hours ago

    Spotify’s Soundtrap audio editing tool to offer free unlimited storage

    Soundtrap, the cloud-based editing tool for music and podcasts, has decided tothrow in free unlimited storage for its non-paying members

  • Streaming boom becomes 'holy grail' for resurgent music industry
    Yahoo Finance22 hours ago

    Streaming boom becomes 'holy grail' for resurgent music industry

    Streaming services are driving growth in the music industry as questions persist about whether artists and songwriters are getting their fair share of the pie.

  • 3 Blue-Chip Technology Stocks to Buy to Close Out June
    Zacks1 hour ago

    3 Blue-Chip Technology Stocks to Buy to Close Out June

    Let's check out three blue-chip tech stocks to consider buying right now...

  • YouTube Lets Users Override Recommendations After Criticism
    Bloomberg2 hours ago

    YouTube Lets Users Override Recommendations After Criticism

    (Bloomberg) -- YouTube said it will let users override automated recommendations after criticism over how the online video service suggests and filters toxic clips."Although we try our best to suggest videos you’ll enjoy, we don’t always get it right, so we are giving you more controls for when we don’t," Essam El-Dardiry, a product manager at YouTube, wrote in a blog on Wednesday.Users will now be able to tell YouTube to stop suggesting videos from a particular channel by tapping the three-dot menu next to a video on the homepage or Up Next, then choosing “Don’t recommend channel.” After that, viewers should no longer see videos from that channel, El-Dardiry said.The move comes after Susan Wojcicki and other YouTube executives were criticized for being either unable or unwilling to act on internal warnings about extreme and misleading videos because they were too focused on increasing viewing time and other measures of engagement.While YouTube is introducing the feature now, this kind of tool is pretty common place on other digital services. Spotify Technology SA has a version for artists people don’t want to hear from.YouTube, part of Alphabet Inc.’s Google, will also try to explain how videos are recommended."Sometimes, we recommend videos from channels you haven’t seen before based on what other viewers with similar interests have liked and watched in the past. When we’re suggesting videos based on this, you’ll now see more information underneath the video in a small box," El-Dardiry wrote. "Our goal is to explain why these videos surface on your homepage in order to help you find videos from new channels you might like."To contact the reporters on this story: Lucas Shaw in Los Angeles at lshaw31@bloomberg.net;Gerrit De Vynck in New York at gdevynck@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Libra 101: All You Need to Know about the Cryptocurrency
    Market Realist5 hours ago

    Libra 101: All You Need to Know about the Cryptocurrency

    Last week, Facebook (FB) and other founding members of the Libra Association launched Libra. Libra will be governed by a handful of large organizations including Uber (UBER), Lyft (LYFT), Visa (V), and Mastercard (MA). By the planned launch in 2020, Facebook expects to have 100 members in the governing body.

  • TheStreet.com8 hours ago

    What Spotify, Dropbox Must Do to Keep Ahead of the Latest Wave of IPOs

    While the latter have soared since their April debuts by 41% and 29%, respectively, Dropbox is down 15% since its offering in March of last year, and Spotify is basically flat with last year's debut, a period over which the Nasdaq Composite has risen 10%. Spotify's stock has handily beaten the averages, up 27%, year to date. Dropbox is up a tad lower than the Nasdaq this year, up 17%.

  • Spotify's Podcast Strategy Takes Shape
    Motley Fool22 hours ago

    Spotify's Podcast Strategy Takes Shape

    You are what you listen to -- and advertisers want to know what that is.

  • Apple's Latest Defense Against Spotify Criticisms Again Misses the Point
    Motley Foolyesterday

    Apple's Latest Defense Against Spotify Criticisms Again Misses the Point

    Just 0.7% of Spotify subscribers bill through the App Store.

  • How Analysts View Spotify Stock
    Market Realistyesterday

    How Analysts View Spotify Stock

    Out of 27 analysts covering Spotify (SPOT), 17 recommend a “buy,” seven recommend a “hold,” and three recommend a “sell.” Analysts have a 12-month median target estimate of $152.25, which means that the stock is trading at a discount of 1.5% from its current price.

  • Spotify Stock Recovers after Downgrade
    Market Realistyesterday

    Spotify Stock Recovers after Downgrade

    Evercore analyst Kevin Rippey downgraded Spotify (SPOT) stock from “in-line” to “underperform” on June 24. Rippey claimed that it would be difficult for Spotify to improve gross margins in the coming quarters and the company would miss analyst earnings estimates.

  • Financial Timesyesterday

    Classical music has a metadata problem

    Streaming has given a new lease of life to the recorded music industry. Take Vivendi's poptastic Universal Music Group. Its revenues from subscriptions and streaming grew 28.1 per cent year-on-year in the first quarter of 2019, netting the Bolloré-owned business €737m, just under half of its revenues.

  • Spotify Stock Downgraded On Overly Optimistic Profit Targets
    Investor's Business Daily2 days ago

    Spotify Stock Downgraded On Overly Optimistic Profit Targets

    A Wall Street brokerage on Monday turned negative on streaming music leader Spotify, saying expectations for gross profit margin are "overly optimistic." Spotify stock wavered on the news.

  • TheStreet.com2 days ago

    Spotify Shares Recover After Evercore Downgrade to Underperform

    on Monday recovered after dropping a bit as Evercore downgraded the Stockholm music-streaming company to underperform from in-line. The stock's recent rally indicates that investors are overoptimistic about how gross margin will develop and about the outcome of negotiations with music labels, analyst Kevin Rippey in New York said in a June 24 report. Spotify on Monday closed 1.2% higher at $150.12 on the New York Stock Exchange.

  • Apple poaches a former EA executive to lead marketing at Beats
    American City Business Journals2 days ago

    Apple poaches a former EA executive to lead marketing at Beats

    Cupertino-based Apple Inc. is hiring a former Electronic Arts Inc. executive to lead marketing at Beats by Dre, the premium headphones company Apple purchased in 2014 for $3 billion.

  • Benzinga2 days ago

    Evercore ISI Changes Channels On Spotify, Says Gross Profit Projections Overly Optimistic

    Streaming music company Spotify Technology SA (NYSE: SPOT ) should be able to match the Street's user and revenue estimates, according to Evercore ISI, but three main concerns prompted the sell-side to ...

  • Apple says it collects fee on less than 1% of Spotify users
    Reuters2 days ago

    Apple says it collects fee on less than 1% of Spotify users

    Premium customers pay a monthly fee or are in a free trial of Spotify's premium service, which is ad free. Spotify has a total of 217 million customers including users of its free service. Apple competes directly with Spotify with its Apple Music service.

  • Barrons.com2 days ago

    Spotify Stock Could Fall as Competition Heats Up, Analyst Says

    Evercore says investors are overestimating Spotify’s ability to make money from podcasts and offering services to musicians and are underestimating the competition from other streaming services.

  • Companies to Watch: Spotify downgraded, FDA signs off on Palatin drug, FedEx cuts prices
    Yahoo Finance2 days ago

    Companies to Watch: Spotify downgraded, FDA signs off on Palatin drug, FedEx cuts prices

    Spotify, Palatin, FedEx, Facebook and Disney are the companies to watch.

  • MarketWatch2 days ago

    Spotify stock falls after Evercore turns bearish

    Spotify Technology SA shares are down 3.7% in premarket trading Monday after Evercore ISI analyst Kevin Rippey downgraded the stock to underperform from in-line. "We simply do not see a path by which Spotify can generate the level of gross profit demanded by Street estimates over the medium-term," he wrote. "Consumers enjoy streaming music, and there's little content differentiation between platforms. Therefore, labels' willingness to cede economics to Spotify in a manner that would satisfy estimates is very limited in our view." Rippey also argued that Spotify might see smaller-than-expected upside from newer initiatives like paid promotions and podcasts. He lowered his price target on the shares to $110 from $125. Spotify's stock has gained 31% so far this year, as the S&P 500 has risen 18%.

  • Creandum closes $300M fund for early-stage investments out of Europe
    TechCrunch2 days ago

    Creandum closes $300M fund for early-stage investments out of Europe

    As one European VC raises a fund to double down on bigger growth rounds inEurope, another has closed a fund to continue focusing on early-stageinvestments

  • Bloomberg2 days ago

    Early Spotify Investor Raises $300 Million for Young Startups

    (Bloomberg) -- Creandum, an early investor in Spotify Technology SA and iZettle AB, has raised a 265 million euro ($300 million) fund, in a bid to find and back Europe’s next tech superstars.With offices in Stockholm, Berlin and San Francisco, the venture capital fund returned more than $800 million to investors last year after exits from previous investments, such as Spotify, which went public on the New York Stock Exchange, and Small Giant Games, which was acquired by Zynga Inc.With it’s fifth and latest fund, Creandum will continue to target early-stage investments in so-called seed and A rounds in areas including food, health tech, mobility, fintech as well as logistics, manufacturing software and energy."We try to continue to stay small, despite a chance to raise more money," Johan Brenner, the general partner at Creandum, said in an interview, adding the fund’s backers are comprised of 26 investors, including pension funds, endowments and family offices in Europe, the U.S. and Asia.Creandum turned away some investors to keep the fund small, Brenner says, adding that it would help "to focus on the early stage, where we think the best investments can be made and the best returns can be made for our investors."While a larger fund would allow the firm to make many more small investments, Creandum wouldn’t have the time to support the investments and the management, resulting in lower returns, Brenner said. Creandum said it has already made some investments through the new fund that are yet to be announced.Creandum’s fund size compares to peers that have raised much larger pools of capital. Accel, an early investor in Slack Technologies Inc., in May announced it has raised a $575 million fund aimed at nascent companies in Europe and Israel. While European insurer Allianz SE unveiled in February it was increasing the size of its tech investment fund to 1 billion euros.The Creandum II fund, which started in 2007, has returned about 1,000 percent. The fund in May 2018 sold its stake in iZettle to PayPal Holdings Inc. It was also one of the first institutional investors in Spotify in 2008.(Added context on Creandum II fund.)To contact the reporter on this story: Natalia Drozdiak in Brussels at ndrozdiak1@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.